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2855 & 2875 N Harrison St Redevelopment 2 Multifamily Properties Offered at $2,700,000 in Denver, CO

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INVESTMENT HIGHLIGHTS

Covered Land Play Opportunity on Large 0.93 Acre Lot
Strong Neighborhood Demographics: $123,271 Average Household Income Within 1 Mile Radius
Nearby Recent Developments

Zoning: E-MU-2.5 (Allows for Duplexes, Townhomes, etc.)
Three, Single Story Brick Buildings with Pitched Roofs
Walking Distance to City Park Golf Course, Denver Zoo and Denver Museum of Nature & Science

EXECUTIVE SUMMARY

PRICE REDUCED! Covered land play opportunity on large 0.93 acre lot in Denver. Walking distance to City Park, Denver Zoo and Denver Museum of Nature and Science. Zoning allows flexibility in residential form, permitting urban houses, duplexes, townhomes, garden court developments, small apartment buildings, and accessory dwelling units (ADUs), all within a 2.5-story height limit.

2855 & 2875 N Harrison St - PR OM

TAXES & OPERATING EXPENSES (ACTUAL - 2024)	ANNUAL
Gross Rental Income	$241,400
Other Income	$2,820
Vacancy Loss	$12,211
Effective Gross Income	$232,009
Taxes	$14,219
Operating Expenses	$52,647
Total Expenses	$66,866
Net Operating Income	$165,143

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

Gross Rental Income
Annual	$241,400

Other Income
Annual	$2,820

Vacancy Loss
Annual	$12,211

Effective Gross Income
Annual	$232,009

Taxes
Annual	$14,219

Operating Expenses
Annual	$52,647

Total Expenses
Annual	$66,866

Net Operating Income
Annual	$165,143

PROPERTY FACTS

Price	$2,700,000	Status	Active
Price / SF	$256.29 / SF	Number of Properties	2
Sale Condition	Redevelopment Project	Individually For Sale	0
Cap Rate	6.12%	Total Building Size	10,535 SF
Sale Type	Investment	Total Land Area	0.93 AC

Price	$2,700,000
Price / SF	$256.29 / SF
Sale Condition	Redevelopment Project
Cap Rate	6.12%
Sale Type	Investment
Status	Active
Number of Properties	2
Individually For Sale	0
Total Building Size	10,535 SF
Total Land Area	0.93 AC